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eBay Stock Soars 41% While 1,800 Jobs Disappear: What’s Really Going On?

eBay is delivering one of the more unusual corporate turnaround stories of 2026. While its stock has surged approximately 41% year-to-date, the online marketplace has announced plans to eliminate roughly 1,800 jobs across two restructuring rounds. The latest reduction of approximately 1,000 positions in October follows an earlier announcement affecting 800 employees, raising questions about why a growing business needs such significant workforce cuts. Interestingly, eBay’s second-quarter revenue increased 14% to $3.13 billion, while non-GAAP operating income climbed 16%, suggesting that the restructuring is not simply a response to deteriorating financial performance. Instead, management is redirecting resources toward secondhand fashion, collectibles, live shopping, and technology-driven efficiencies. The company’s $1.4 billion acquisition of Depop further highlights its ambition to attract younger consumers.